The VLRC report on trading trust remedies released this week is another example of how Liberal-Nationals governments get on with practical law reform. The Napthine government asked the Victorian Law Reform Commission to investigate this issue. Their report recommends changes to the law to give Victorians whose small businesses are in trading trusts the same rights as those whose business is in a company.

Today 800 years ago the armed conflict began between King John and his barons that led to Magna Carta. King John’s conduct is a classic lesson in how important it is for any government to retain the confidence of those who are governed.